Topic: Economy & Money

If you haven’t read it yet, please read the article and make a note of useful vocabulary. Then, compare your list to the words and phrases highlighted in the text below.

THE ARTICLE:

What if we defined success not by the money we spent and the goods we consumed but by the quality of life we create not only for ourselves but for everyone with whom we share the planet? What if we added up the positives of economic growth and subtracted from them the clear negatives, so we had a better picture of whether we were headed in the right direction? (more…)

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Economy & Money is one of the fifteen IELTS topics that frequently comes up in each of the four exams. To answer these questions confidently, you need to know topic-specific vocabulary. In this post, I’ll give you some resources you can use to increase your economy and money related vocabulary. But first, here are some examples of when you might be asked a question based on this topic:

IELTS Reading
A passage based on factors influencing the economy of Singapore.

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Economic progress is often used to measure a country’s success. However, some people believe that other factors are more important. What other factors should also be considered when measuring a country’s success? Do you think one factor is more important than others?

Note the structure of the question: two sentences introduce the question. The first sentence is a fact and the second is an opinion. Then comes the two-part question:

What other factors should also be considered when measuring a country’s success?

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In the comments below, make notes on how you will structure your response.

As most people spend a major part of their adult life at work, job satisfaction is an important element of individual well-being. What factors contribute to job satisfaction? How realistic is the expectation of job satisfaction for all workers?